EU Science Hub

Scientific support to energy markets - roundtable

Dec 18 2013

Today the JRC organised a roundtable discussion on how science can provide support to energy markets, with a focus on liquidity. The event also saw the official launch of the Baltic Energy Security Research Platform, a network of Research and Development entities, led by the JRC, willing to work together on energy security projects in the Baltic region.

During the scientific sessions the participants tackled questions such as the financing needs and conditions for investment in energy generation, transmission and distribution; or examined which European market design could attract more capital at the financial markets. The conference brought together stakeholders from European and Member State authorities, energy utilities, transmission and distribution system operators, industry and financial services.

The aim of the newly set up Baltic Energy Security Research platform is to analyse the gas and power infrastructure, the energy markets, the availability of renewable energy sources, aspects related to shale gas and other energy-security related issues in the Baltics. The results of these analyses will support decisions by the Member States, the European Commission and private actors. Günther Oettinger, European Commissioner for Energy, Rolandas Kriščiūnas, Lithuanian Vice-Minister of Foreign Affairs, Presidency of the Council of the European Union and JRC Director-General Dominique Ristori officially inaugurated this new collaboration project.

Apart from the JRC director-general, speakers in the opening session included Michael Hager, Head of Cabinet of Commissioner Günther Oettinger, Jerzy Buzek, former President of the European Parliament and now member of it, Jeroen van der Veer, Chairman of the Global Agenda Council on New Energy Architecture of the World Economic Forum, Detlef Dauke, Director-General, Head of Department for Energy Policy at the German Federal Ministry of Economics and Technology.

Today's meeting was organised in close cooperation with the Commission's Directorate-General for Energy and with the support of the German Federal Ministry for Economics and Technology, in the context of the JRC European Forum for Science and Industry. It was the fourth in a series of roundtables on 'Energy Transition from a European Perspective'. The conclusions of these roundtable discussions are to lead to a science-based understanding of the challenges for the electricity system, and will be used as a basis for policy recommendations.